Micron sees just 1 percent hit on revenue from China ban

The company also confirmed in a statement for the first time two of its units had been temporarily banned from selling some memory chips and solid state drives in China, following a complaint from rivals United Microelectronics Corporation (UMC) and Fujian Jinhua Integrated Circuit Co. The lawsuit followed Micron’s complaint in December against Chinese government-backed Fujian and UMC in a California court alleging misappropriation of its trade secrets and other misconduct. …read more

Source:: Yahoo Finance

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